Market Report U.S.

US Hotel Occupancy Up 4.8 Percent to 71.5 Percent Week Ending July 2nd - 2016

Average daily rate up 3.6 Percent to US$123.97

The U.S. hotel industry reported positive results in the three key performance metrics during the week of 26 June through 2 July 2016, according to data from STR.

In year-over-year comparisons, the industry's occupancy increased 4.8% to 71.5%. Average daily rate was up 3.6% to US$123.97. Revenue per available room grew 8.6% to US$88.64.

Among the Top 25 Markets, Minneapolis/St. Paul, Minnesota-Wisconsin, reported the largest increases in occupancy (+25.5% to 72.0%) and RevPAR (+48.7% to US$85.19). ADR in the market was up 18.6% to US$118.26.

Six additional markets experienced a lift in RevPAR of more than 20.0%: Dallas, Texas (+36.2% to US$70.19); Denver, Colorado (+32.3% to US$140.85); Boston, Massachusetts (+26.0% to US$157.13); Nashville, Tennessee (+22.1% to US$108.80); San Diego, California (+20.4% to US$152.40); and Detroit, Michigan (+20.2% to US$63.45).

Overall, 14 of the Top 25 Markets reported double-digit RevPAR growth for the week.

Of the seven markets to experience a decrease in RevPAR, New Orleans, Louisiana (-6.5% to US$109.78), reported the largest decline in the metric.

Denver posted the largest increase in ADR (+23.9% to US$152.88). Aside from the aforementioned Minneapolis/St. Paul, one other market recorded an ADR increase above 15.0%: Dallas (+16.0% to US$98.10).

Chicago, Illinois, reported the largest drop in ADR, down 6.0% to US$136.45.

In addition to Minneapolis/St. Paul, five markets saw occupancy rise by double-figures: Dallas (+17.3% to 71.5%); San Diego (+13.3% to 87.0%); Boston (+12.7% to 82.6%); St. Louis, Missouri-Illinois (+11.0% to 78.8%); and Detroit (+10.6% to 67.0%).

New Orleans (-2.2% to 70.5%) experienced the week's largest decline in occupancy. 

View weekly U.S. hotel performance review

About STR

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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